Compare Medicare Supplement plans side by side
Medicare Supplement policies (also known as Medigap policies) are standardized and must follow federal and state laws designed to protect you. Insurance companies can only sell you a "standardized" policy identified in most states by letters
All policies offer the same basic benefits but some offer additional benefits, so you can choose which one meets your needs. As you can see in the comparison chart there are many options from which to choose. As licensed insurance agents we can help you understand the differences between the plans so that you can decide on the right plan for you.
Did you know that each insurance company decides which Medigap policies it wants to sell, although state laws might affect which ones they offer? Insurance companies that sell Medigap policies:
Don't have to offer every Medigap plan
Must offer Medigap Plan A if they offer any Medigap policy
Must also offer Plan C or Plan F if they offer any plan
Keep in mind, that the Medicare Supplement policy covers co-insurance after you've paid the deductible (unless the Medigap policy also pays the deductible).
A single plan offered by private insurance companies that combines coverage
for Medicare Parts A & B into one plan.
Most plans include Part D
Must be enrolled in Medicare Parts A & B to be eligible for Medicare Part C
Depending on your county of residence these plans can have premiums as
low as zero dollars per month.
HMO, PPO, PFFS (plan options are based on county availability)
If you join a Medicare Advantage Plan you do not need a Medicare
Prescription Drug Coverage
Part D coverage can either be
included in your Part C or Medicare Advantage Plan coverage.
Purchased separately to support your prescription needs if you are either enrolled
only under Original Medicare or also enrolled in a Medicare Supplement plan
Part D coverage is optional
While coverage is option CMS requires that all Medicare eligible beneficiaries do
have creditable coverage in place.
If you do not have other creditable coverage and opt not to enroll into a Part D plan
you can be penalized.
Part D coverage have monthly plan premiums
Most Part D plans have a monthly premium
Those included in a zero premium Part C plan will not have a premium
There are programs available to assist those with limited income with the
cost of co-pays and premium.